VBG Group AB (publ) (VBG_B.ST), a global marketer of industrial products, Tuesday reported decreased profit in its third quarter compared to last year.
The company's profit after tax was 96.7 million Norwegian kronor lower than 112.3 million kronor the prior year.
On the Stockholm Stock Exchange, shares are trading 9.99 percent higher at 358.80 kronor.
For the three-month period, earnings per share was 3.87 krona, lower than 4.49 krona a year ago.
For the reported period, the company's EBITDA was 193.4 kronor lower than 197.2 kronor the prior year quarter.
The company's net sales were up 7.5 percent to 1.37 billion kronor from 1.27 billion kronor.
Anders Erkén, President and CEO, commented that with the company's stable cash flow, they are we seeing continued good conditions in the acquisition market and convinced of on the continued growth and delivering strong earnings going forward. The geopolitical environment remains volatile and uncertainty around the effects of the US trade tariffs remains.
He also stated that, though the effect is marginal, with growth in order bookings, and on the basis of our visibility of three or four months, they are cautiously optimistic that demand will strengthen going forward.
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